Parliamentary Committee Highlights Challenges Impacting IBC's Effectiveness

Parliamentary committee cites delays, legal loopholes as barriers to the Insolvency and Bankruptcy Code’s effectiveness.

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Parliamentary Committee Highlights Challenges Impacting IBC's Effectiveness

Parliamentary Committee Highlights Challenges Impacting IBC's Effectiveness
A parliamentary committee has noted that persistent and systemic challenges continue to undermine the full potential of the Insolvency and Bankruptcy Code (IBC). The committee emphasized that delays, legal loopholes, and weak enforcement mechanisms are hampering the timely resolution of stressed assets, affecting the IBC's intended outcomes and overall economic recovery.
Tags:
  • IBC
  • Parliamentary Committee